The second month of 2025 was marked by stability in the average price per square meter of apartments offered by developers in Warsaw, Łódź, Poznań, and cities within the Upper Silesian-Zagłębie Metropolis, according to preliminary data from BIG DATA RynekPierwotny.pl. In Kraków, the average price dropped by 1% in February, while in Wrocław, it increased by the same margin. The most surprising market remains the Tri-City, where price fluctuations resemble a rollercoaster.
“In the Tri-City, the average price per square meter of developer-offered apartments increased by as much as 3% in February. However, it is worth noting that in previous months, price increases were interspersed with declines,” says Marek Wielgo, an expert at RynekPierwotny.pl.
He recalls that in November last year, prices surged by 4%, only to decrease by 2% in each of the following two months. The Tri-City is a unique metropolis due to its tourist appeal, which drives the development of high-end housing. Over the past 12 months, the number of apartments priced above 20,000 PLN per square meter has nearly doubled, from just under 900 to almost 1,800. Their share of the total market offering has increased from around 18% to 25%. Simultaneously, February saw a decrease in the number of the cheapest apartments priced below 10,000 PLN per square meter for the first time in six months.
A silver lining is that the number of such affordable apartments is still 47% higher than in mid-2024 when Tri-City developers began constructing more homes targeted at first-time buyers using mortgage financing.
“Of course, this does not necessarily mean that this buyer-friendly trend will continue in the coming months. On the other hand, the announcement by the Ministry of Development and Technology regarding the exclusion of the primary market from the new mortgage support program is concerning,” comments Marek Wielgo.
According to the RynekPierwotny.pl expert, some potential buyers may abandon the idea of purchasing a new apartment in favor of a pre-owned one. Meanwhile, more individuals and families seeking to upgrade their living conditions may turn to new apartments in better locations and with higher standards, selling their existing homes on the secondary market. With mortgage subsidies, demand for these homes may increase. The key question is how developers will respond to this shift.
“There is a risk that developers will start introducing more properties targeted at this second group of buyers, which could lead to an increase in the average price per square meter,” the expert adds.
For now, however, price stability prevails in most major city housing markets. Preliminary data from BIG DATA RynekPierwotny.pl indicates that February marked the sixth consecutive month without changes in the average price per square meter of apartments offered by developers in Warsaw (17,700 PLN/m²). A similar situation exists in Kraków (16,500 PLN/m²), though February saw a 1% decrease there. In Łódź (around 11,500 PLN/m²), prices have remained unchanged for five months, and in cities within the Upper Silesian-Zagłębie Metropolis (approximately 11,100 PLN/m²), stability has lasted for three months. In Poznań (about 13,500 PLN/m²), the average price per square meter held steady after a one-time 1% increase in January. Meanwhile, Wrocław’s two-month price stability streak ended as prices rose by 1% in February to 14,800 PLN/m².
It is important to note that the average price per square meter may rise or fall within a given month depending on whether the market sees an influx of more expensive or relatively cheaper properties.
Looking at the 12-month change in the average price per square meter of new apartments, the highest increases were observed in Wrocław (+11%) and the Tri-City (+10%), while the smallest were in Warsaw and Kraków (+3%). Single-digit increases were also recorded in Poznań (+6%), the Upper Silesian-Zagłębie Metropolis (+5%), and Łódź (+4%).
Author: RynekPierwotny.pl
Source: ManagerPlus
